Common use of Termination Without Cause; Constructive Termination Clause in Contracts

Termination Without Cause; Constructive Termination. Prior to the end of the Term of this Agreement, Xpedior, upon written notice to Employee, may discharge Employee without Cause and terminate this Agreement, such termination to be effective upon the date as specified in said notice. In the event Xpedior terminates Employee without Cause or Employee is Constructively Terminated, Xpedior shall pay Employee an amount equal to twelve times (12) Employee's then current monthly Base Compensation, less legally required withholdings and authorized deductions, to be paid in substantially equal semi-monthly installments rather than as one lump sum, in return for Employee's execution and delivery to Xpedior of a termination of employment agreement which contains a full release of all claims against Xpedior and its affiliates, predecessors, parents, subsidiaries, successors, and assigns, and their respective

Appears in 1 contract

Sources: Employment Agreement (Xpedior Inc)

Termination Without Cause; Constructive Termination. Prior to the end of the Term of this Agreement, Xpedior, upon written notice to Employee, may discharge Employee without Cause and terminate this Agreement, such termination to be effective upon the date as specified in said notice. In the event Xpedior terminates Employee without Cause or Employee is Constructively Terminated, Xpedior shall pay Employee an amount equal to twelve times (12) Employee's then current monthly Base Compensation, base and bonus compensation (less legally required withholdings and authorized deductionswithholdings), to be paid in substantially equal semi-monthly installments rather than as one lump sum, in return for Employee's execution and delivery to Xpedior of Employee executing a termination of employment agreement which contains a full release of all claims against Xpedior and its affiliates, predecessors, parents, subsidiaries, successors, and assigns, and their respectivedirectors, officers, employees, agents and attorneys. For purposes of this Agreement, "Constructively Terminated" or "Constructive Termination" shall mean the occurrence of any of the following events without Employee's express written consent:

Appears in 1 contract

Sources: Employment Agreement (Xpedior Inc)

Termination Without Cause; Constructive Termination. Prior to the end of the Term of this Agreement, Xpedior, upon written notice to Employee, may discharge Employee without Cause and terminate this Agreement, such termination to be effective upon the date as specified in said notice. In the event Xpedior terminates Employee without Cause or Employee is Constructively Terminated, Xpedior shall pay Employee an amount equal to twelve times (12) Employee's then current monthly Base Compensation, less legally required withholdings and authorized deductions, to be paid in substantially equal semi-monthly installments rather than as one lump sum, in return for Employee's execution and delivery to Xpedior of a termination of employment agreement which contains a full release of all claims against Xpedior and its affiliates, predecessors, parents, subsidiaries, successors, and assigns, and their respectiverespective directors, officers, employees, agents and attorneys. For purposes of this Agreement, "Constructively Terminated" or "Constructive Termination" shall mean the occurrence of any of the following events without Employee's express written consent:

Appears in 1 contract

Sources: Employment Agreement (Xpedior Inc)